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REGISTERED CHARITY NUMBER: 1121758
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Report of the Trustees and
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Unaudited Financial Statements
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for the Year Ended 31 December 2023
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for
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The Matthew 25:35 Trust
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A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
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The Matthew 25:35 Trust
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## **`Contents of the Financial Statements for the Year Ended 31 December 2023`**
|||**`Page`**||
|---|---|---|---|
|**`Reference and Administrative Details`**||`1`||
|**`Report of the Trustees`**|`2`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**||`6`||
|**`Notes to the Financial Statements`**|`7`|`to`|`10`|
|**`Detailed Statement of Financial Activities`**||`11`||
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The Matthew 25:35 Trust
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## **`Reference and Administrative Details for the Year Ended 31 December 2023`**
|**`TRUSTEES`**|`H C Mather Chairman`|
|---|---|
||`Mrs A S Mather`|
||`Dr J D Weldon`|
||`Mrs F A Varley`|
||`Mrs E J Mather`|
||`A P Mather`|
||`N P Varley`|
||`Rev N P Weldon`|
|**`PRINCIPAL ADDRESS`**|`PO Box 1077`|
||`Guildford`|
||`Surrey`|
||`GU1 9HQ`|
|**`REGISTERED CHARITY NUMBER`**|`1121758`|
|**`INDEPENDENT EXAMINER`**|`A J Bennewith`|
||`FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA`|
||`3 Wey Court`|
||`Mary Road`|
||`Guildford`|
||`Surrey`|
||`GU1 4QU`|
|**`SOLICITORS`**|`Charles Russell Speechlys LLP`|
||`One London Square`|
||`Cross Lanes`|
||`Guildford`|
||`Surrey GU1 1UN`|
|**`BANKERS`**|`NatWest`|
||`151 High Street`|
||`Guildford`|
||`Surrey GU1 3AH`|
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Page 1
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The Matthew 25:35 Trust
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## **`Report of the Trustees for the Year Ended 31 December 2023`**
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Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December2023. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
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## **`OBJECTIVES AND ACTIVITIES`**
## **`Activities`**
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The trusteesmet regularlyin 2023, consideringapplicationsfrom organisationsand individualsin the UK and overseas. In
summary19 grantsamountingto £93,000in totalwere made to 17 differentorganisationsand one individual.Nine grants
weremadetoprogrammesintheUKandthreegrantstoUganda,twotoKenyaandonegranteachto South
Sudan,Bosnia-Herzegovina, Palaestine/Gaza, Syria and Kyrgyzstan.
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InallcasesthetrusteesweresatisfiedthattheapplicationsmettheTrust'sobjectivesandhavereceivedreceipts and
progressupdatesto ensure projectsare being deliveredas described.Most of the organisationsare registeredUK charities
andfortheothers,governancearrangementswerecarefullychecked.Supervision,riskmanagementandreporting were
allconsideredsound,giventhescaleoftheactivities.Typically,grantsareintherangeof£1,000to£10,000and project
timescalesupto12months.Trusteesareinregularcontactwiththeorganisationsandindividualstheysupport, hence
the residual risks are considered minimal.
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Thepublicbenefitwasevidentfromthenatureoftheprojects.GrantsintheUKhelpedcharitiessupportfragile or
fragmentedfamiliesstrugglingtocopewithdebt,povertyandmentalillness;resourcesandadviceforvulnerable sex
workersandthosesufferingfromdomesticabuse;equippingstudentsforsocialjustice;andbuildingcapacity for
humanitarianresponsetoemergenciesarisingfromwarandnaturaldisasters.Overseasgrantssupported humanitarian
relief in countriesravagedby war such as SouthSudanand Palestine,andnaturaldisasterssuch as the Syrian earthquake
Pakistanfloods.Grantswerealsogivenforpovertyreliefandcommunitydevelopment,livelihoods,medicalcare and
rescuingstreetchildreninUganda,Kenya,Bosnia-HerzegovinaandKyrgyzstan.InallcasestheChristianmessage was
integral to the activity, in keeping with the objects of the charity.
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## `Recipients of grants have commented:`
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"WehavetraditionhereatMercyUKwhereweringabreakthroughbellwheneversomeonewearesupportinghas a
significantbreakthrough,orwhenweasanorganisationseeananswertoprayer.IrangthatbellassoonasI received
your letter!"
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"Your gift will enableus to producea highqualityresourcethat will raise awarenessof violenceagainstwomen and equip
churches to recognise the signs of domestic abuse and effectively support survivors."
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"Thesefundswillbeusedforourcontinuedeffortstorescue,rehabilitatethemostvulnerableandhomeless children
from the streets of Kampala into our Amahoro safe and loving homes at Matugga and Nakasongola children's homes."
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## **`FINANCIAL REVIEW`**
## **`Financial Review`**
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During the year ended 31 December 2023, income was £93,360 of which £93,300 was donations.
Expenditure was £93,012 of which grants at £92,000 accounted for more than 98%. Governance and
administration costs amounted to £1,012 which is less than 2%.
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The Trust's policy on reserves is to retain a minimum level of £5,000 in cash, so that it can respond in
case of urgent need. At the end of 2023, £5,613.97 cash was available for disbursement. No funds
are held as custodian trustee on behalf of others.
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Page 2
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The Matthew 25:35 Trust
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## **`Report of the Trustees`**
## **`for the Year Ended 31 December 2023`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
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The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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## **`Constitution and commencement`**
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The charity was created by a Declaration of Trust dated 25 September 2007 and made its first gift in May 2008.
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Approved by order of the board of trustees on ............................................. and signed on its behalf by:
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..........................................................................
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H C Mather - Trustee
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Page 3
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Independent Examiner's Report to the Trustees of
The Matthew 25:35 Trust
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## **`Independent examiner's report to the trustees of The Matthew 25:35 Trust`**
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IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheMatthew25:35Trust(theTrust)forthe year
ended 31 December 2023.
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## **`Responsibilities and basis of report`**
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AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
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I reportin respectof my examinationof the Trust'saccountscarriedoutunderSection145 of the Act andin carrying out
myexaminationI havefollowedallapplicableDirectionsgivenbytheCharityCommissionunderSection145(5)(b)of the
Act.
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## **`Independent examiner's statement`**
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I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
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`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.`
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I have no concernsand have come acrossno othermattersin connectionwith the examinationto whichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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.......................................................
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A J Bennewith
FCA, FCPA, FFA, FFTA, FIPA, DChA, FRSA
3 Wey Court
Mary Road
Guildford
Surrey
GU1 4QU
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Date: .............................................
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Page 4
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The Matthew 25:35 Trust
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## **`Statement of Financial Activities`**
## **`for the Year Ended 31 December 2023`**
|||`31.12.23`|`31.12.22`|
|---|---|---|---|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`|`£`|
|**`INCOME AND ENDOWMENTS FROM`**||||
|`Donations and legacies`||`93,300`|`63,300`|
|`Investment income`|`2`|`60`|`11`|
|**`Total`**||`93,360`|`63,311`|
|**`EXPENDITURE ON`**||||
|**`Charitable activities`**||||
|`Charitable`||`93,012`|`63,952`|
|**`NET INCOME/(EXPENDITURE)`**||`348`|`(641)`|
|**`RECONCILIATION OF FUNDS`**||||
|`Total funds brought forward`||`4,606`|`5,247`|
|**`TOTAL FUNDS CARRIED FORWARD`**||`4,954`|`4,606`|
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The notes form part of these financial statements
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Page 5
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The Matthew 25:35 Trust
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## **`Balance Sheet`**
## **`31 December 2023`**
|||`31.12.23`|`31.12.22`|
|---|---|---|---|
|||`Unrestricted`|`Total`|
|||`fund`|`funds`|
||`Notes`|`£`|`£`|
|**`CURRENT ASSETS`**||||
|`Cash at bank`||`5,614`|`5,236`|
|**`CREDITORS`**||||
|`Amounts falling due within one year`|`5`|`(660)`|`(630)`|
|**`NET CURRENT ASSETS`**||`4,954`|`4,606`|
|**`TOTAL ASSETS LESS CURRENT LIABILITIES`**||`4,954`|`4,606`|
|**`NET ASSETS`**||`4,954`|`4,606`|
|**`FUNDS`**|`6`|||
|`Unrestricted funds`||`4,954`|`4,606`|
|**`TOTAL FUNDS`**||`4,954`|`4,606`|
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The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issueon .............................................
and were signed on its behalf by:
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.............................................
H C Mather - Trustee
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.............................................
A S Mather - Trustee
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The notes form part of these financial statements
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Page 6
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The Matthew 25:35 Trust
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Notes to the Financial Statements
for the Year Ended 31 December 2023
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## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
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Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewith the CharitiesSORP (FRS 102) 'Accountingand Reportingby Charities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReporting Standard
applicablein the UK and Republicof Ireland(FRS 102) (effective 1 January2019)', FinancialReportingStandard 102
'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct2011. The
financial statements have been prepared under the historical cost convention.
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## **`Income`**
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All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds,it is
probable that the income will be received and the amount can be measured reliably.
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## **`Expenditure`**
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Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
the amountof the obligationcanbe measuredreliably.Expenditureis accountedforon an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
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Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedasa commitment
but not accrued as expenditure.
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## **`Taxation`**
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The charity is exempt from tax on its charitable activities.
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## **`Fund accounting`**
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Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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Restrictedfundscanonlybe usedforparticularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
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Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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## **`2. INVESTMENT INCOME`**
|**`INVESTMENT INCOME`**|||
|---|---|---|
||`31.12.23`|`31.12.22`|
||`£`|`£`|
|`Deposit account interest`|`60`|`11`|
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continued...
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Page 7
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The Matthew 25:35 Trust
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## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2023`**
## **`3. TRUSTEES' REMUNERATION AND BENEFITS`**
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Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023norforthe year
ended 31 December 2022.
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## **`Trustees' expenses`**
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Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
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## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**||
|---|---|
||`Unrestricted`|
||`fund`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Donations and legacies`|`63,300`|
|`Investment income`|`11`|
|**`Total`**|`63,311`|
|**`EXPENDITURE ON`**||
|**`Charitable activities`**||
|`Charitable`|`63,952`|
|**`NET INCOME/(EXPENDITURE)`**|`(641)`|
|**`RECONCILIATION OF FUNDS`**||
|`Total funds brought forward`|`5,247`|
|**`TOTAL FUNDS CARRIED FORWARD`**|`4,606`|
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continued...
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Page 8
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The Matthew 25:35 Trust
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## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2023`**
## **`5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|**`5.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||||
|---|---|---|---|---|---|
||||`31.12.23`||`31.12.22`|
|||||`£`|`£`|
||`Other creditors`|||`660`|`630`|
|**`6.`**|**`MOVEMENT IN FUNDS`**|||||
|||||`Net`||
||||`movement`||`At`|
|||`At 1.1.23`|`in funds`||`31.12.23`|
|||`£`||`£`|`£`|
||**`Unrestricted funds`**|||||
||`General fund`|`4,606`||`348`|`4,954`|
||**`TOTAL FUNDS`**|`4,606`||`348`|`4,954`|
||`Net movement in funds, included in the above are as follows:`|||||
|||`Incoming`|`Resources`||`Movement`|
|||`resources`|`expended`||`in funds`|
|||`£`||`£`|`£`|
||**`Unrestricted funds`**|||||
||`General fund`|`93,360`|`(93,012)`||`348`|
||**`TOTAL FUNDS`**|`93,360`|`(93,012)`||`348`|
||**`Comparatives for movement in funds`**|||||
|||||`Net`||
||||`movement`||`At`|
|||`At 1.1.22`|`in funds`||`31.12.22`|
|||`£`||`£`|`£`|
||**`Unrestricted funds`**|||||
||`General fund`|`5,247`||`(641)`|`4,606`|
||**`TOTAL FUNDS`**|`5,247`||`(641)`|`4,606`|
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continued...
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Page 9
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The Matthew 25:35 Trust
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## **`Notes to the Financial Statements - continued`**
## **`for the Year Ended 31 December 2023`**
## **`6. MOVEMENT IN FUNDS - continued`**
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Comparative net movement in funds, included in the above are as follows:
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||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`63,311`|`(63,952)`|`(641)`|
|**`TOTAL FUNDS`**|`63,311`|`(63,952)`|`(641)`|
## **`7. RELATED PARTY DISCLOSURES`**
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There were no related party transactions for the year ended 31 December 2023.
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## **`8. INDEPENDENT EXAMINER'S REMUNERATION`**
||`2023`|`2022`|
|---|---|---|
||`£`|`£`|
|`Independent Examiner's remuneration`|`660`|`630`|
||||
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Page 10
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The Matthew 25:35 Trust
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|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Investment income`**
`Deposit account interest`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`PO Box`
`Accountancy`
`Grants to institutions`
`Grants to individuals`
**`Support costs`**
**`Finance`**
`Bank charges`
`Total resources expended`
**`Net income/(expenditure)`**|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 December 2023`**
`31.12.23`
`31.12.22`
`£`
`£`
`93,300`
`63,300`
`60`
`11`
`93,360`
`63,311`
`330`
`300`
`660`
`630`
`92,000`
`61,022`
`-`
`2,000`
`92,990`
`63,952`
`22`
`-`
`93,012`
`63,952`
`348`
`(641)`|**`Detailed Statement of Financial Activities`**
**`for the Year Ended 31 December 2023`**
`31.12.23`
`31.12.22`
`£`
`£`
`93,300`
`63,300`
`60`
`11`
`93,360`
`63,311`
`330`
`300`
`660`
`630`
`92,000`
`61,022`
`-`
`2,000`
`92,990`
`63,952`
`22`
`-`
`93,012`
`63,952`
`348`
`(641)`|
|---|---|---|
||||
|||`63,311`
`300`
`630`
`61,022`
`2,000`|
|||`63,952`
`-`|
|||`63,952`|
|||`(641)`|
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This page does not form part of the statutory financial statements
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